Rupee Value

In New Delhi, the price of 22-carat gold rose to Rs 52,450 per 10 gram

Domestic stocks advanced in early trade which supported the rupee. The key indices Sensex and Nifty, however, closed marginally down due to sell-off in financial counters

The rupee did not react much to the measures announced since this was more towards a short-term liquidity measure which the markets had expected from the RBI.

The central bank is tight-lipped on its intervention strategy, but it is suspected that it recently intervened in a huge amount in the offshore markets

Down 2% versus $ since Dec 2018, against mild appreciation in many Southeast Asian currencies

The government and RBI should address overvaluation

As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan

The 30-share BSE Sensex is trading higher by 87.76 points or 0.24% at 36,607.72

On Friday, the rupee had gained 8 paise to end at 68.87 against the US currency

Sneyd says India is unlikely to be named a currency manipulator in forthcoming reports

At the inter-bank foreign exchange (forex) market, the rupee resumed on a steady note at 64.99, tracking global currency volatility coupled with steady capital outflows

Foreign investors, however, put in Rs 3.44 billion on net basis in the domestic stock markets

The yields on US government bonds rose to multi-year high ahead of the Federal Open Market Committee meet

The dollar index was trading at 90.01, down 0.09% from its previous close of 90.093

The sudden spike in crude prices can play spoilsport for the currency market, which started the new year with a bang

Forex: Rupee heads into 2018 at 4-month high; up 6 pct

in year.

Building a meaningful momentum into the year-end, the

rupee capped off a fabulous 2017 at a fresh four-month high of

63.87 against US dollar, seemingly unfazed by the prospect of

Trump's tax reforms and higher US interest rates.

The home currency ended the last trading week of the

year with a healthy 18 paise jump after a brief consolidation.

This is the highest closing for the home currency

since September 8 this year.

Frantic dollar unwinding by banks and exporters along

with bullish local equities, further impending bout of

strength. Besides, the prevailing bearish sentiment for the

American unit proved to be a catalyst for the Indian rupee.

On year-over-year basis, the rupee appreciated by a

whopping 405 paise, or 5.96 per

The government's proposed fiscal push, a widening current account deficit and shrinking scope of foreign investors to invest in local bonds are major contributing factors in pulling down the rupee

A trader with a six-month horizon can target export-oriented stocks

Rupee remained under pressure & swung between 64.35 and 64.42 due to uneven dollar demand

The domestic currency also closed higher against the British pound at Rs 83.73/75